TELUS’s (TU) “Underperform” Rating Reiterated at Bank of America

Posted by Francis Steltz on Aug 7th, 2026

Bank of America reiterated their underperform rating on shares of TELUS (NYSE:TU – Free Report) (TSE:T) in a research note released on Tuesday morning, Marketbeat Ratings reports.

TU has been the topic of several other research reports. Barclays set a $11.00 price target on TELUS and gave the company an “equal weight” rating in a research note on Tuesday. Canaccord Genuity Group downgraded TELUS from a “buy” rating to a “hold” rating in a research report on Thursday, April 9th. Morgan Stanley lowered shares of TELUS to an “underweight” rating in a report on Tuesday, July 21st. Canadian Imperial Bank of Commerce cut shares of TELUS from a “strong-buy” rating to a “neutral” rating in a research report on Friday, July 31st. Finally, Wall Street Zen lowered shares of TELUS from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Three equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, TELUS has a consensus rating of “Reduce” and a consensus price target of $15.33.

Read Our Latest Report on TELUS

TELUS Stock Up 0.2%

TU stock opened at $9.81 on Tuesday. The firm has a market cap of $15.45 billion, a PE ratio of -23.94, a PEG ratio of 9.62 and a beta of 0.64. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.63 and a current ratio of 0.67. The firm’s 50 day moving average price is $10.96 and its 200-day moving average price is $12.34. TELUS has a one year low of $9.20 and a one year high of $16.72.

TELUS (NYSE:TU – Get Free Report) (TSE:T) last released its quarterly earnings data on Friday, July 31st. The Wireless communications provider reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.04). The business had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.55 billion. TELUS had a negative net margin of 4.51% and a positive return on equity of 8.01%. On average, equities research analysts anticipate that TELUS will post 0.57 EPS for the current year.

TELUS Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th will be given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 7.6%. The ex-dividend date is Thursday, September 10th. TELUS’s dividend payout ratio (DPR) is currently -295.12%.

Institutional Investors Weigh In On TELUS

A number of institutional investors have recently modified their holdings of the company. Manchester Capital Management LLC lifted its stake in TELUS by 320.0% during the 4th quarter. Manchester Capital Management LLC now owns 2,247 shares of the Wireless communications provider’s stock worth $30,000 after acquiring an additional 1,712 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new position in TELUS in the 4th quarter valued at about $33,000. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its stake in TELUS by 129.0% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 2,473 shares of the Wireless communications provider’s stock worth $33,000 after purchasing an additional 1,393 shares during the period. Kestra Advisory Services LLC purchased a new stake in TELUS during the fourth quarter worth about $55,000. Finally, State of Wyoming acquired a new stake in shares of TELUS during the second quarter worth about $61,000. 49.40% of the stock is owned by institutional investors and hedge funds.

TELUS Company Profile

(Get Free Report)

TELUS Corporation (NYSE: TU) is a Canadian telecommunications and technology company headquartered in Vancouver, British Columbia. It delivers a broad portfolio of consumer and business communications services across Canada, including mobile wireless, fixed-line voice, broadband internet, and television. TELUS also provides a range of enterprise services such as cloud and IT solutions, managed network services, cybersecurity and Internet of Things (IoT) offerings for business customers.

Beyond core connectivity, TELUS has expanded into health and digital services.